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Update on Zepyur

Zepyur is progressing with her trading business in Sevan. Thanks to her first Kiva loan, now she sells not only clothes but also shoes. Also, Zepyur was able to enlarge her stall and now she shows to the best advantage her wide assortment of products.

Zepyur continues to bring merchandise from Yerevan once a week and now she is asking for a $2800 loan to buy spring blouses, sweaters, trousers and shoes to resell.

Previous Loan Details

Zepyur H. lives in Sevan. For about nineteen years she worked as a commodity researcher. Since 1993 she has been engaged in clothes selling in a rented place. Zepyur is married and has two daughters who have their own families and live separately from their parents. Zepyur’s husband is jobless... More from Zepyur's previous loan »

Additional Information

About “Nor Horizon”

“Nor Horizon” UCO LLC is committed to promoting poverty alleviation in Armenia by providing high-quality financial and other business development services to enterprising individuals in under-served rural and urban markets who have a strong will to establish and develop their own small-scale businesses. Originally created as the Armenian micro credit program of Oxfam (Great Britain) in late 1995, “Nor Horizon” LLC has been licensed under supervision of the Central Bank of Armenia since early 2006.

For more information about “Nor Horizon,” please visit the partner page or website.

To stay updated on loans from Armenia, please join the Armenia lending team at

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Armenia

  • $6,300
    Average annual income
  • 130
    View loans »
    Armenia Loans Fundraising
  • $14,833,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Zepyur buy clothing and shoes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 22, 2012
Feb 24, 2012
Currency Exchange Loss:
Jun 15, 2012